88
88
Jan 23, 2013
01/13
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you see, the trade deficit. the trade deficit detracts from demand. the budget deficit adds to demand. if you're going to reduce that addition, you have to reduce that subtract sun. melissa: i don't know. seems like we've got to stop spending. scott martin, bring you into the discussion. what do the markets want to hear? >> that is the crazy thing the markets want, spend, spend, spend. if you were an alien looking down on markets and economy and look down on the markets and the debt ceiling you saw every time we extend the debt ceiling the markets pretty much went up which they have done last several times, you would say, okay, this is how we get the stock market to go up. that is crazy thing. melissa: why, why? why does that happen? is it that people trading in the market can't see we will ever have to pay this bill down the road? why does the market rally when this happens? >> i think it is twofold. one of the things that happens, melissa, it absolutely destroys the dollar. if you're an s&p company trying to sell your goods overseas it actually help
you see, the trade deficit. the trade deficit detracts from demand. the budget deficit adds to demand. if you're going to reduce that addition, you have to reduce that subtract sun. melissa: i don't know. seems like we've got to stop spending. scott martin, bring you into the discussion. what do the markets want to hear? >> that is the crazy thing the markets want, spend, spend, spend. if you were an alien looking down on markets and economy and look down on the markets and the debt...
88
88
Jan 17, 2013
01/13
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is for the two sides to get together to come up with a comprehensive debt and deficit reduction plan. the debt ceiling and all around it doesn't really solve the problem. it is a waste of time. adam: let me interrupt you because we have had this debt ceiling essentially part of our discussion for almost 100 years, going back to 1917 with the issue of liberty bonds. now today we talk about the debt ceiling and we talk about its impact, this debate for the people who are watching, and, getting to this craziness we see the market reacting in a way you can't anticipate. what would happen to our 401(k) if congress he said they have to get together, i was thinking two words, "good luck." whether they can't do something? >> if they don't raise the debt ceiling and let's say we get debt downgrades, the market has a fit basically and drops as they did in 2011, all our investments will get hit. the stock market will go down as it did in a big way in the summer of 2011. on the other hand, if they extend the limits, the debt ceiling limit and do something more, maybe not a grand compromise, somet
is for the two sides to get together to come up with a comprehensive debt and deficit reduction plan. the debt ceiling and all around it doesn't really solve the problem. it is a waste of time. adam: let me interrupt you because we have had this debt ceiling essentially part of our discussion for almost 100 years, going back to 1917 with the issue of liberty bonds. now today we talk about the debt ceiling and we talk about its impact, this debate for the people who are watching, and, getting to...
103
103
Jan 18, 2013
01/13
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.$8 million deficit this city is running. when they filed for bankruptcy they had wanted to $50,000 in the citibank account. john: the politician said we did not see it coming. they owed 46 millionith panetta thousand of the bank? >> they're required to put 1.8 million dollars per month into koppers. john: they tried to raise money through fees like expensive parking tickets. >> i paid $500. >> but he was going 90 in the school's own. john: with that does not cover the pension obligations. >> not sandy know, vallejo, a compton, a stockton or any of their city. they are failing. john: i hear there is more civil society? volunteers working in the animal shelter, park maintenance, a neighborhood watch is starting to blossom? >> bay plant their city back. they take it themselves. so the private solution is always better. john: that is where you go when the government spends of the many. next we take this problem and see what it does to the whole state. it is not pretty and. john: california is paradise for government workers. her
.$8 million deficit this city is running. when they filed for bankruptcy they had wanted to $50,000 in the citibank account. john: the politician said we did not see it coming. they owed 46 millionith panetta thousand of the bank? >> they're required to put 1.8 million dollars per month into koppers. john: they tried to raise money through fees like expensive parking tickets. >> i paid $500. >> but he was going 90 in the school's own. john: with that does not cover the pension...
53
53
Jan 23, 2013
01/13
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it will create revenue to help with the deficit and debt. this is about energy security, energy independence. so we don't have to get oil from the middle east. melissa: you know environmentalists don't like it even though we've taken care of a lot of problems and hurdles we put up in the first place. those have been taken care of. you know environmentalists don't like it. seems like the president is recommitted to battling climate change. he doubled down on green energy. this really doesn't fit into his portfolio of energy options. >> here's thing. there is better environmental stewardship with the project and without it. that oil coming to the united states means lower emissions then sending it to china. it actually means less emissions with the project. i think what we've shown today that the president needs to approve it because it is in the interest of the american people to do so. they don't want to get the energy from the middle east. they want to get it here at home and working with our closest friend and ally canada, and that if the
it will create revenue to help with the deficit and debt. this is about energy security, energy independence. so we don't have to get oil from the middle east. melissa: you know environmentalists don't like it even though we've taken care of a lot of problems and hurdles we put up in the first place. those have been taken care of. you know environmentalists don't like it. seems like the president is recommitted to battling climate change. he doubled down on green energy. this really doesn't fit...
105
105
Jan 15, 2013
01/13
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onto another big one, negotiating with unions has made big headlines in the past year's budget deficit exploding, as you know, but one story in the "wall street jouournal" really caughty attention because the strong-arm tactics being used. just one example, the police union in california began a harassment campaign against the city manager. after he announced the city may have to lay off 16% of the municipal workforce. the union bought the house next door to him to make his life miserable and they invested in billboards welcoming visitors famous as the second most dangerous city in california and it put his phone number at the bottom. keep in mind this is if you ended up going bankrupt because of unsustainable costs. this is all too familiar to the costa mesa mayor who joins me now. they moved in next to the city manager and they unleash a flurry of construction making all kinds of racket and bullying him at home. does this shock you are similar to something you went through as well? >> five years ago it would shock me. what you find out is these unions in a lot of public safety unions
onto another big one, negotiating with unions has made big headlines in the past year's budget deficit exploding, as you know, but one story in the "wall street jouournal" really caughty attention because the strong-arm tactics being used. just one example, the police union in california began a harassment campaign against the city manager. after he announced the city may have to lay off 16% of the municipal workforce. the union bought the house next door to him to make his life...